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$ 85,000
Est. payment /mo
Active
509 N Walnut ST Lansing, MI 48933
5,227 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
MLS Listing ID 65025032568
Year Built 1903
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type MultiFamily
Property Description
For sale ''As is'' knob and tube wiring needs to be replaced and price is a reflection of that needed upgrade. Discover a fantastic investment opportunity in Lansing, Michigan, just minutes from the state capital and downtown entertainment districts. This fully rented multi-family property offers immediate cash flow with stable tenants in place, making it an ideal addition to any real estate portfolio. The property's prime location provides convenient access to local amenities, government offices, and vibrant downtown attractions, ensuring continued demand from tenants. With a little TLC and strategic updates, there's significant potential to increase property value and rental income, making this a smart investment for both seasoned investors and newcomers alike. This multi-family asset presents a compelling chance to add value through cosmetic improvements, upgrades, or operational efficiencies. The existing layout offers flexible options for renovations to modernize units and boost rental rates. The strong occupancy rate combined with its proximity to key Lansing landmarks positions this property as a stable, income-generating investment with promising upside. Whether you're looking to expand your rental portfolio or capitalize on Lansing's growing market, this property offers a rare opportunity to maximize returns with minimal initial effort.
Location
State MI
County Ingham
Area Area11012Lansing
Rooms
Basement Full
Interior
Heating ForcedAir, NaturalGas
Fireplace No
Laundry None
Exterior
Utilities Available ElectricityConnected, NaturalGasConnected
View Y/N No
Building
Sewer PublicSewer
Water Public
New Construction No
Schools
High Schools Lansing
School District Lansing
Others
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
©2025 Realcomp II Ltd. Shareholders
Listed by Ricardo S Cottengim of Cody & Co.
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